The Impact of IoT on Supply Chain Intelligence and Financial Analytics

The Internet of Things (IoT) has emerged as a transformative force in contemporary supply chain management and financial analytics, creating unprecedented opportunities for data-driven decision-making across the entire enterprise ecosystem. This article examines how IoT sensors and connected devices facilitate enhanced visibility through real-time monitoring of assets, inventory, and processes throughout the supply chain, enabling organizations to track products with precision and respond proactively to emerging issues. The article explores how IoT implementation revolutionizes inventory management, predictive maintenance, and asset optimization while simultaneously enhancing financial analytics through more accurate performance metrics, improved cash flow management, and sophisticated predictive capabilities. Despite the compelling benefits, the evaluation acknowledges significant implementation challenges related to data volume, infrastructure requirements, system integration, and security considerations. Looking forward, the article examines how the integration of artificial intelligence with IoT technologies represents the next evolutionary frontier, enabling autonomous analysis, decision-making, and adaptive optimization in response to changing operational conditions.

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Publication Details

Journal
European Journal of logistics Purchasing and Supply Chain Management
Published
2025-01-15
DOI
https://doi.org/10.37745/ejlpscm.2013/vol13n16074
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
0.00
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article

The Impact of IoT on Supply Chain Intelligence and Financial Analytics

Hema Madhavi Kommula
European Journal of logistics Purchasing and Supply Chain Management
Big Data and Business Intelligence
article

The Impact of IoT on Supply Chain Intelligence and Financial Analytics

Hema Madhavi Kommula
article en

Abstract

The Internet of Things (IoT) has emerged as a transformative force in contemporary supply chain management and financial analytics, creating unprecedented opportunities for data-driven decision-making across the entire enterprise ecosystem. This article examines how IoT sensors and connected devices facilitate enhanced visibility through real-time monitoring of assets, inventory, and processes throughout the supply chain, enabling organizations to track products with precision and respond proactively to emerging issues. The article explores how IoT implementation revolutionizes inventory management, predictive maintenance, and asset optimization while simultaneously enhancing financial analytics through more accurate performance metrics, improved cash flow management, and sophisticated predictive capabilities. Despite the compelling benefits, the evaluation acknowledges significant implementation challenges related to data volume, infrastructure requirements, system integration, and security considerations. Looking forward, the article examines how the integration of artificial intelligence with IoT technologies represents the next evolutionary frontier, enabling autonomous analysis, decision-making, and adaptive optimization in response to changing operational conditions.

European Journal of logistics Purchasing and Supply Chain ManagementVol. 13(1)
University of Madras (IN)
Openalex Percentile: Top 88%
Big Data and Business Intelligence
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